359 Mobile Inc. is one of Consorteum’s wholly owned subsidiaries. 359 is developing an end to end FinTech solution for various vertical markets. Our UMI offering will under pin internal and externally developed solutions for a series of vertical market sectors.
Utilizing the capability of the 359 development team and our Universal Mobile Interface™, we will be able to provide a transactional framework to support the development of applications, which encompass all the components that allow for a rich mobile experience to be delivered to a handset. In order to initiate and maintain connections with mobile consumers, we believe it is absolutely critical for our platform to be interoperable between any mobile network and device. This full-service approach redefines how brands develop mobile strategies to strengthen their connections to consumers.
Today’s current mobile application and transaction solutions are limited – whether it be in how users can interact, or the number of devices it can actually support. As companies look to mobile strategies, the picture gets extremely cloudy in how to develop a rich mobile offering that can resonate within the mass market Our UMI is able to take the “how” out of planning, encompassing all the components that allow for a rich mobile experience to be delivered to a handset.
CSRH recognizes that our cutting edge UMI platform can be utilized in multiple business verticals. Our Universal Mobile Interface™ solution has the capacity to open up opportunities in multiple business verticals, such as providing solutions in FinTech, data analytics, secure payment processing, compliancy lead transaction management and various digital social event sectors.
Because our solution is a natural fit for the challenges facing compliance in the mobile FinTech environment, CSRH’s initial focus is in this sector.
The Company believes it has a significant competitive advantage in the mobile market given its rich history in FinTech lead transaction processing.. A prime example of a target market for our UMI solution is the mobile gaming sector.
Global Online Gambling(which is comprised of remote gaming activities by means of desktop and mobile) is expected to experience a Global Growth Rate of +7.46% based on 2016-2018 estimates. This market is expected to achieve a value of $48.3 billion in 2018. Source- Global Online Gambling-Marketline (February 2015). According to research from Newzoo the strongest growth rate is in the mobile market.
It is estimated that 164 million people in the world will be using mobile devices to access online gambling by 2018. Source-Daily Mirror August 19, 2014
According to Juniper Research, “wagers via mobile devices across all forms of gambling are expected to reach $100 billion by 2017.”
There are already strong signs that mobile offerings will take a disproportionate slice of the online gambling market in countries with a high penetration of smartphones. The European online gambling industry is forecasted to grow at a CAGR of 5.1% during 2014-2018, exceeding $21.9 billion in 2018.Source- Global Online Gambling- Marketline (February 2015). The trend towards increased mobile gambling supports the need for a mobile platform such as the UMI to meet existing and new compliance regulations.